business

Market analysts have blamed a share market sell-off on an increasing trend that is resulting in heavy stock selling as investors fear a meltdown on Wall Street’s last day of trade for the week. Look back on the day’s business developments in our blog. Source link

A study from Deakin University has found many young women admit skipping meals or forgoing medical attention to save money. Source link

A decade of technology failures, unplanned outages, management upheaval, irate investors and the torching of hundreds of millions of dollars has left the ASX’s reputation in shreds.   Source link

Barbeques Galore has plunged into receivership, leaving question marks for nearly 100 stores that employ about 500 staff.  Source link

Reserve Bank governor Michele Bullock fires back at Nationals senator Matt Canavan after he accused her of “gaslighting” Australians over the state of the Australian economy.  Source link

Asked by a journalist, “Was it perhaps overenthusiastic to cut interest rates three times?” The RBA’s chief economist responded, “Forecasting is really difficult business, our forecasts are often wrong … it is what it is.” Source link

Spears is the latest music star to sell the rights to their work, a decade after the release of her ninth and last studio album. Source link

Commonwealth Bank boss Matt Comyn said CBA had increased many savings products but admitted there was one account where the bank is increasing interest rates by 15 basis points instead of the full 25 basis points. Source link

RBA deputy governor Andrew Hauser says central banks should not criticise normal government spending choices, but he wonders if Australia’s economy is more inflation-prone because it is so finely balanced. Source link

Telstra notifies staff of plans to outsource hundreds of jobs to an India-based technology company. Source link